How To Apply for SSS Retirement Application Online | What Are the Benefi...

How To Apply for SSS Retirement Application Online What Are the Benefits and Requirements Tutorial



How To Apply for SSS Retirement and What Are the conditions to apply for retirement? What are the benefits of applying for retirement? These are the questions that we will answer in this video. SSS retirement application online is the new norm, easy access, paperless, and in the comfort of your home registration. I have also included a retirement registration process for you to follow along with if you want to register at the same time.





Types of retirement benefits

Monthly pension – a lifetime cash benefit paid to a retiree on aregular basis.
Lump sum amount – one-time payment granted to a retiree. The amount is equal to the total contributions paid by the member and/or by his/her ERs, including interest earned


Qualifying Conditions

Member must have paid at least 120 monthly contributions prior to the semester of retirement and is any of the following, whichever is applicable:

  1. at least 60 years old and separated from employment or has ceased to be an SE/OFW/Household Helper (optional retirement);
  2. at least 65 years old whether still employed/SE, working as OFW/Household Helper or not (technical retirement);
  3. at least 55 years old and separated from employment or has ceased to be an SE, if an “underground mineworker” (optional retirement);
  4. at least 60 years old whether still employed/SE or not, if an “underground mineworker” (technical retirement); or
  5. a total disability pensioner who has recovered from disability and is at least 60 years old (or at least 55 years old, if an underground mineworker).

A former retiree-pensioner whose monthly pension was suspended due to reemployment/self-employment and is now separated from employment or has ceased to be an SE.

A member who is 60 years old and above, but not yet 65, with 120 contributions or more may continue paying as VM up to 65 years old to avail of the higher amount of benefit.


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